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Renowned crypto analyst Josh Olszewicz has declared what many crypto traders have long been waiting for: Altcoin Season has officially begun. In a market breakdown released on July 16, Olszewicz dismissed any lingering doubt about the current market structure, arguing that the conditions for outsized altcoin performance are firmly in place.
Crypto Alert: Altcoin Season Is Here
“For years, you’ve had people telling you, ‘It’s an alt season.’ The funny thing is, when alt season is actually here, you don’t need anybody to tell you—it’s obvious,” Olszewicz said, emphasizing that current price action across major alts and risk assets leaves little room for ambiguity.
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According to Olszewicz, Bitcoin remains the backbone of the crypto market, consolidating near $120,000 at the yearly pivot with “plenty of room to go” on technicals. He acknowledged that BTC’s strength underpins the entire market cycle, but the focus has shifted to the explosive moves underway in altcoins. “Let’s be honest—you’re here because you want to outperform BTC by 2x to 5x. That’s the goal,” he said.
Ethereum sits at the center of this rotation, breaking out decisively from $2,200 to above $3,200. “ETH has had quite the breakout. It’s above the next pivot at $3,200. I don’t need the cloud to tell me this is bullish,” Olszewicz noted, pointing to technical tailwinds and regulatory clarity surrounding staking and ETFs as additional catalysts….
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